TRENDING:

XAU/USD

Silver

AUD/USD Intraday: turning down

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Target 0.9855.

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Pivot (invalidation): 0.9805

Our preference
Long positions above 0.9805 with targets at 0.9835 & 0.9855 in extension.

Alternative scenario
Below 0.9805 look for further downside with 0.9790 & 0.9770 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

Aim @ 1.3335.

Pivot (invalidation): 1.3280

Our preference
Long positions above 1.3280 with targets at 1.3320 & 1.3335 in extension.

Alternative scenario
Below 1.3280 look for further downside with 1.3265 & 1.3250 as targets.

Comment
The RSI is bullish and calls for further upside.

AUD/USD

Turning down.

Pivot (invalidation): 0.6785

Our preference
Short positions below 0.6785 with targets at 0.6750 & 0.6735 in extension.

Alternative scenario
Above 0.6785 look for further upside with 0.6800 & 0.6810 as targets.

Comment
The RSI is bearish and calls for further downside.

USD/TRY

Bullish bias above 5.7010.

Pivot (invalidation): 5.7010

Our preference
Long positions above 5.7010 with targets at 5.7440 & 5.7670 in extension.

Alternative scenario
Below 5.7010 look for further downside with 5.6700 & 5.6380 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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